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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: major press release today

major press release today

posted on Jun 23, 2008 03:21PM

Today's announced broad zones of semi to massive sulphides is the most important news to date on San Diego and has huge upside potential for this property. This confirms the original model development from a few years ago and is only the beginning. The trend associated with Penoles Santa Maria mine which has lots of historical and current data right through to Santa Juana and Chicago and on to San Diego is very strong and potentially huge for ECU as the company continues it's exploration program. The most interesting developments and discoveries are very likely still ahead of the company and none of this present work is in the resource extimates as of yet.

The source of the over 30 close to surface high grade veins at ECU Velardena property has long been postulated to be a massive sulphide feeder system at depth and ECU has some evidence of it's existance below the Mineralized Corridor level 15-18 discovery in Santa Jauna which has been the focus of the companies exploration for quite some time along with high grade vein systems. The San Diego discovery adds further evidence to that which already exists below Santa Juana and in the closeby Santa Maria mine. I look forward to the day that ECU hits massive sulphides deep below Santa Juana for it could be a monster compared to San Diego given the far greater surface and vein expression at the various Velardena mines.

We could be entering a whole new era of exploration at Velardena, that's the possibility, and this would be over and above the resource outlined to date. I might add that the above theory has evidence from some prior holes down to level 26, lots of information from nearby Santa Maria to provide comparative data and help guide the exploration and now strong evidence from San Diego. The long term exploration objective has always been to find the source of Velardena high grade veins and it's always been expected it lies deep and below Santa Juana and will be massive sulphides. The company has spent months drifting and preparing new drill galeries off level 18 to go drilling deep while continuing the exploration program reported on routinely. They have also continued the ramping program which is required for long term large bulk mining plans and for that matter increasing access to high grade veins for narrow vein mining.

As busy as it's been the last 2 years it's going to get more busy as Velardena continues to give up it's jewels. As much success as ECU has had, the best could be yet to come.





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